A Study on Estimation Equation for Damage and Recovery Costs Considering Human Losses Focused on Natural Disasters in the Republic of Korea

Young Seok Song and Moo Jong Park
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Young Seok Song: Department of Construction Engineering, Hanseo University, Seosan-si 31962, Korea
Moo Jong Park: Department of Construction Engineering, Hanseo University, Seosan-si 31962, Korea

Sustainability, 2018, vol. 10, issue 9, 1-16

Abstract: In this study, we conduct an estimation study of the damage costs, recovery costs, and human losses in the case of natural disasters in the Republic of Korea. This research method analyzed human losses, damage costs, and recovery costs caused by natural disasters that swept across the Republic of Korea over the past 16 years, from 2000 to 2015, including extreme wind, heavy snowfall, typhoon, wind wave, and heavy rainfall. Damage status and trend of occurrence were reviewed for each year’s human losses, damage costs, and recovery costs. We propose a calculating equation of the linear regression equation that estimates damage costs and recovery costs considering human losses. The correlation coefficient was 0.898 for the estimation of human losses and damage costs, and 0.889 for the estimation of human losses and recovery costs. In addition, the correlation of both equations was found to be 166% of damage costs when calculating recovery costs. The results of this study can be used as descriptive statistical data to estimate damage costs and recovery costs according to human losses in case of natural disasters.

Keywords: natural disaster; human losses; damage costs; recovery costs; disaster damage (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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